Highlights of 38th GST Council Meeting 1. Due dates extended for GSTR-9 and GSTR-9C for FY 2017-18 till 31 January 2020 The due date of GSTR-9 and GSTR-9C are extended further till 31 January 2020 from the earlier date of 31 December 2019. It was done to allow more time for […]
Ministry of Finance GSTR-9 & GSTR -9C more simplified & last dates of submission extended Posted On: 14 NOV 2019 3:32PM by PIB Delhi The Government has decided today to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to […]
Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) made applicable vide Notification No. 13/2017- Central Tax (Rate) dated 28th June, 2017 deferred to 30th september 2019 vide Notification No. 01/2019 – Central Tax (Rate) dated 29th January 2019 and will apply starting from 1st October […]
Decisions at 37th GST council meeting The meeting concluded with several decisions ranging from relaxations in annual return filing, rate revisions, deferment of new GST returns, changes to composition scheme, new GST exemptions and some clarifications detailed as follows: Waiver of GSTR-9A for Composition Taxpayers for FY 2017-18 & FY 2018-19Composition […]
1.What is Form CMP-08? A composition dealer will use the Form CMP-08, which is a special statement-cum-challan to declare the details or summary of his/her self-assessed tax payable for a given quarter. It also acts as a challan for making payment of tax. A composition dealer is a dealer who has […]
No change in personal income tax rates Inter change ability of PAN and Aadhar for ease and convenience of taxpayers! Income Tax return can be filed using Aadhar Number!! Petrol, diesel to get pricier: Govt hike custom duty by Rs. 1 on fuel, Duty hike on gold and precious items also. Interest […]
Due dates for Compliances under GST 1-07-19- Due date for filing GSTR-1 for m/o June 19 – Applicable for taxpayers with Annual Aggregate turnover Above Rs. 1.50/- Crore or opted to file monthly Return (Rs. One Crore Fifty Lacs) only. Notification No. 44/2018 – Central Tax 31-07-19- Due date for filing GSTR-1 for June […]
Due dates for Compliance under Income tax 31-07- 2019 – Annual return of income for the Financial Year 2018-19 (Assessment year 2019-20) for all assessee other than (a) corporate-assessee or (b) non-corporate assessee (whose books of account are required to be audited) or (c) working partner of a firm whose accounts are […]
Highlights of 35th GST Council Meeting The 35th GST Council meeting concluded with consensus on the following matters 1. GST annual return due date extended till 31 August 2019 for FY 2017-18 The due date for filing GSTR-9, GSTR-9A, and GSTR-9C for the FY 2017-18 has been extended by two months, […]
